designed as a hedge position and then he put a hedge on a hedge, and pretty soon they had what they call a texas hedge. >> warren, can we go back to libor for a moment, too? >> sure. >> you mentioned that you have some contracts and some things that are based off of libor. >> sure. >> that have been there, i'm guessing derivatives and other things that have been in that? >> yeah, we own some auction rate municipals for example, priced off libor, a couple billion. >> what happens, if libor was manipulated, do you have a case to go back and have a complaint, to have a lawsuit, to have anything that comes up with any of this? >> well, i think there certainly will be a bunch of lawyers that think that. if you can pin down the everyone that did something to you and there may well be some kind of a case. we bought these securities in the market auction rate municipals that have, that are tied to libor. i have a feeling that, for any one entity, the amount might be very, very small. >> $3 there will and things that are priced against this. >> the numbers would stagger you. >> so how big of a problem co